According to Austin Board of REALTORS® single-family home sales volume declined in the Central Texas area for the second time in 2016 and 4,230 single-family homes were sold in July 2016, a decrease of 3.1 percent compared to July 2015.
The median price for single-family home increased 6.1 percent compared to July 2015. On the other hand, inventory levels did not change : properties spent an average of 48 days on the market.
Days on the market vary among the different price brackets. Properties priced above $400,000 had more than four months of inventory and homes priced $1M and higher had more than 13 months of inventory.
City of Austin's median price? $345,000. This is a 4.6 percent increase from July 2015. What about WIlliamson County? The median price rose 6.6 percent annually to $262,000. Properties spent two days fewer on the market compared to July 2015. Believe it or not South of Austin and Hays County had the largest year-over-year decrease in sales volume. The median price hit $237,900, which is up by 3.5 percent from July of 2015. over-year.
For additional housing market statistics and infographics for the Central Texas region; Austin-Round Rock MSA; Hays, Travis and Williamson counties; and the City of Austin, please contact Marcela Alfonsin at [email protected]
Author:Marcela Alfonsin Phone: 512-300-7406 Dated: August 22nd 2016 Views: 237 About Marcela: Born and raised in Argentina, Marcela is calling Austin "home" since 2004. She is versatile and mult...
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"Expertise and Attention - Seller Clients June 2016
Violet’s expertise and attention to detail was invaluable in the sale of our home. Her research and knowledge of the current market enabled us to price it correctly and get it on the market to leverage the peak sales season.
Because we had our own a target date that we wanted to hit, she was able to recommend resources and services to help us make it happen. She put together a thorough marketing plan that included a timeline to help us get the house ready and to generate interest before the listing went live.
Once the house was ready, she came and helped us stage so that it looked better than it ever had. She even suggested repurposing a rarely used second eating area into an office space. (We wished we had thought of that and utilized the space that way before.)
She scheduled the “go live” and the Open House to coordinate with our schedule to be out of town. I was completely comfortable being away and leaving her in charge for the weekend. We received multiple offers that first weekend. We were impressed with how she professionally and respectfully worked with the other realtors always keeping our best interest at the forefront. She helped us sort through the pros and cons of each offer and compare to come to the best contract decision for us. There were some snafus but she walked us through them. We could not have been more pleased with the outcome."